Businesshttp://cmslocal.gleanerjm.com/business
enMusk talking with Saudi fund to take Tesla privatehttp://cmslocal.gleanerjm.com/article/business/20180814/musk-talking-saudi-fund-take-tesla-private
Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday.The fund approached Musk about going private...
Tue, 14 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180814/musk-talking-saudi-fund-take-tesla-privateNCB goes agile with one-month loanhttp://cmslocal.gleanerjm.com/article/business/20180812/ncb-goes-agile-one-month-loan
National Commercial Bank Jamaica, NCB, has rolled out a second loan product on its digital platform, this time a pay advance loan that has no interest charge attached but comes with a monthly flat fee and is repayable in a month.The bank said on...
Sun, 12 Aug 2018 00:00:00 -0500Avia Collinderhttp://cmslocal.gleanerjm.com/article/business/20180812/ncb-goes-agile-one-month-loanBusinessman frustrated by decade-long wait for land compensationhttp://cmslocal.gleanerjm.com/article/business/20180812/businessman-frustrated-decade-long-wait-land-compensation
More than two years after the official opening of the North-South Highway, and a decade since the Government compulsorily acquired land at Moneague, St Ann as part of the project, businessman Magnus Mullings is still engaged in a struggle to get...
Sun, 12 Aug 2018 00:00:00 -0500McPherse Thompsonhttp://cmslocal.gleanerjm.com/article/business/20180812/businessman-frustrated-decade-long-wait-land-compensationGarfield Sinclair deployed to Bahamas on a mission to grow BTChttp://cmslocal.gleanerjm.com/article/business/20180812/garfield-sinclair-deployed-bahamas-mission-grow-btc
Garfield Sinclair joined the embattled Bahamas Telecommunications Company (BTC) this month with an explicit mission to grow revenues in the affluent Caribbean territory.BTC owner Liberty is attempting to turn around the telecom amid rising...
Sun, 12 Aug 2018 00:00:00 -0500Steven Jacksonhttp://cmslocal.gleanerjm.com/article/business/20180812/garfield-sinclair-deployed-bahamas-mission-grow-btcCanadian firm gets go-ahead to grab Venezuela&#039;s US refinerieshttp://cmslocal.gleanerjm.com/article/business/20180812/canadian-firm-gets-go-ahead-grab-venezuelas-us-refineries
A Canadian gold mining company on Thursday won the right to go after Venezuela's prized oil refineries in the United States and collect US$1.4 billion it lost in a decade-old takeover by the late president Hugo Chavez.Chief Judge Leonard P. Stark of...
Sun, 12 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180812/canadian-firm-gets-go-ahead-grab-venezuelas-us-refineriesOran Hall | Your own home by age 26http://cmslocal.gleanerjm.com/article/business/20180812/oran-hall-your-own-home-age-26
QUESTION: I would love to acquire my own home through the NHT by age 26. Can you assist me?- G. GrayFINANCIAL ADVISER: I get questions similar to yours quite often. You did not state your age, but it is clear that you want to own your home soon. I...
Sun, 12 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180812/oran-hall-your-own-home-age-26Cedric Stephens | Mental illness and fitness to drivehttp://cmslocal.gleanerjm.com/article/business/20180812/cedric-stephens-mental-illness-and-fitness-drive
QUESTION: A family member who lives with me suffers from mental illness. The person, who is over 25, is being treated by a psychiatrist and has been on medication for more than five years. He holds a private driver's licence. Is it okay for him to...
Sun, 12 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180812/cedric-stephens-mental-illness-and-fitness-driveFrancis Wade | Making workers matterhttp://cmslocal.gleanerjm.com/article/business/20180812/francis-wade-making-workers-matter-leadership-guide
In my line of work, I meet lots of employees who aren't sure they matter.Logically, they say they should be valuable due to their role, background, responsibilities, and pay. Yet, in terms of their emotional experience, they draw a disturbing blank....
Sun, 12 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180812/francis-wade-making-workers-matter-leadership-guideDerrimon to acquire pallet maker Woodcats Internationalhttp://cmslocal.gleanerjm.com/article/business/20180812/derrimon-acquire-pallet-maker-woodcats-international
Derrimon Trading Company Limited on Friday announced a definitive agreement to purchase the entire shareholding of pallets manufacturer Woodcats International Limited.Financing has been arranged by Mayberry Investments Limited and the transaction is...
Sun, 12 Aug 2018 00:00:00 -0500Avia Collinderhttp://cmslocal.gleanerjm.com/article/business/20180812/derrimon-acquire-pallet-maker-woodcats-internationalSeprod investing in two LNG power plants - Projects one-third savings on electricity costshttp://cmslocal.gleanerjm.com/article/business/20180810/seprod-investing-two-lng-power-plants-projects-one-third-savings
Seprod Limited is investing nearly a billion dollars in the construction of two gas-powered energy plants on-site two of its subsidiary companies that will...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/seprod-investing-two-lng-power-plants-projects-one-third-savingsDigicel feeds data addiction, but talk is not deadhttp://cmslocal.gleanerjm.com/article/business/20180810/digicel-feeds-data-addiction-talk-not-dead
Millennials are driving demand for data services, in Jamaica and across the region, leading to a fivefold growth in usage on Digicel Jamaica's network in half a decade, according to CEO Justin Morin....
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/digicel-feeds-data-addiction-talk-not-deadProven to develop $1.7b high-rise in New Kingstonhttp://cmslocal.gleanerjm.com/article/business/20180810/proven-develop-17b-high-rise-new-kingston
Proven Investments Limited, PIL, said Wednesday that its real estate subsidiary will be developing an 80-unit residential complex on Braemar Avenue, which was the original home of Red Bones Blues Cafe...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/proven-develop-17b-high-rise-new-kingstonIDB offers US$1b for Climate-Smart Accelerator projectshttp://cmslocal.gleanerjm.com/article/business/20180810/idb-offers-us1b-climate-smart-accelerator-projects
Virgin Group founder Sir Richard Branson is planning to create the world's first climate-smart zone in the Caribbean and has secured the backing of the Inter-American Development Bank, IDB, for...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/idb-offers-us1b-climate-smart-accelerator-projectsHoney Bun enters two Caribbean markets, more to comehttp://cmslocal.gleanerjm.com/article/business/20180810/honey-bun-enters-two-caribbean-markets-more-come
Bakery operator Honey Bun Limited entered two new markets in the Caribbean within the quarter ending June, but CEO Michelle Chong is keeping the country's identities close to her chest.Other...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/honey-bun-enters-two-caribbean-markets-more-comeJSE doubles profit as listings spikehttp://cmslocal.gleanerjm.com/article/business/20180810/jse-doubles-profit-listings-spike
Jamaica Stock Exchange Limited, JSE Group, doubled its net profit in the June quarter buttressed by new listings that are tracking ahead of target, with more to come.JSE Group made $90 million in June, up 97 per...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/jse-doubles-profit-listings-spikeTesla CEO buyout bid raises eyebrows, legal concernshttp://cmslocal.gleanerjm.com/article/business/20180810/tesla-ceo-buyout-bid-raises-eyebrows-legal-concerns
Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a US$72-billion buyout of the electric carmaker, but he may be acquiring new headaches with his...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/tesla-ceo-buyout-bid-raises-eyebrows-legal-concernsTribune calls off buyout by Sinclairhttp://cmslocal.gleanerjm.com/article/business/20180810/tribune-calls-buyout-sinclair
Tribune withdrew from its US$3.9-billion buyout by Sinclair, ending a bid to create a massive media juggernaut that could have rivalled the reach of Fox News.Tribune Media Company, which is on the hook for a US$...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/tribune-calls-buyout-sinclairChina exports accelerate in July despite tariffshttp://cmslocal.gleanerjm.com/article/business/20180810/china-exports-accelerate-july-despite-tariffs
China's exports to the United States surged last month, shrugging off President Trump's tariff hike in a dispute over technology.Shipments to the United States climbed 13.3 per cent from a year earlier...
Fri, 10 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180810/china-exports-accelerate-july-despite-tariffsRepublican congressman charged with insider tradinghttp://cmslocal.gleanerjm.com/article/business/20180809/republican-congressman-charged-insider-trading
Republican US Repres-entative Christopher Collins of western New York state was arrested Wednesday on charges he fed inside information he gleaned from sitting on the board of a biotechnology company to his son, helping themselves and others dodge...
Thu, 09 Aug 2018 00:00:00 -0500http://cmslocal.gleanerjm.com/article/business/20180809/republican-congressman-charged-insider-tradingJamaica enters new programme with atomic energy agencyhttp://cmslocal.gleanerjm.com/article/business/20180809/jamaica-enters-new-programme-atomic-energy-agency
Jamaica signed a new agreement with the International Atomic Energy Agency, IAEA, which will see the application of atomic energy in agriculture and industry as a means of stimulating economic growth. This marks their second programme and...
Thu, 09 Aug 2018 12:51:29 -0500McPherse Thompsonhttp://cmslocal.gleanerjm.com/article/business/20180809/jamaica-enters-new-programme-atomic-energy-agency